PRODUCER PRICES (June 07, 1993)
ALUMINUM: MW U.S. market US52.00-53.00 cents per lb. (May 27, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 26, 1993). BISMUTH: MW New York dealer US$2.50-2.70 per lb. (Mar. 26, 1993…
1993
Western International drills Arizona copper
Reverse circulation drilling has started on Western International Explorations’ (CDN) Stray Elephant copper property in Arizona. The 8,000-ft., 30-hole program, which is testing for extensions of know…
Tiomin completes mineral sands tests
Laboratory-scale testing of a heavy-mineral bulk concentrate from the Natashquan deposit in Quebec has been completed, reports Tiomin Resources (TSE). Gravity, magnetic, and electrostatic separation t…
Price protection for Cyprus
A price protection program ensures that Cyprus Minerals (NYSE) will receive a minimum average sales price of about US94 cents per lb. on about 90% of its projected 1993 copper sales. The program also …
Dundee-Palliser gets government loan to purchase Gays River
The government of Nova Scotia will lend Dundee-Palliser (TSE) $6 million to help it buy the Gays River zinc-lead mine from Westminer Canada. The loan is subject to satisfactory zinc and lead prices an…
BOOKS IN BRIEF — The Chinese steel connection
Iron and Steel, Relying on China, published by AME Mineral Economics, GPO Box 3602, Sydney, NSW 2001, Australia. 300 pages. After a decade of rationalization and job losses, huge new investment progra…
Metal Prices — FREE MARKET (June 07, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 1 May 31 May 28 May 27 May 26 Copper 1147-1148 N/A 1146-1147 1157-1158 1185-118…
Adding to properties down Mexico way Manhattan options five
Manhattan Minerals (VSE) intends to add to its fold of Mexican properties by acquiring an option to buy five concessions covering a large copper-gold-silver skarn zone in central Sinaloa state. Manhat…
New ore lens found at Copper Rand
Definition drilling on three new mineralized lenses at the Copper Rand mine in Chibougamau, Que., has led to the discovery of a fourth. Property-owner MSV Resources (ME) reports that significant inter…
Spot prices at a glance (May 31, 1993)
Week’s Price (US) Change Gold* $377.25 – $1.50 Silver* $ 4.56 – $0.18 Platinum* $390.10 – $1.90 Nickel** $ 2.57 + $0.03 Lead** $ 0.18 $0.00 Copper $ 0.83 + $0.02 Zinc $ 0.44 $0.00 Courtesy of Scotiaba…
Arimetco boosts MacArthur interest
Tucson, Ariz.-based Arimetco International (TSE) plans to acquire the remaining half of the MacArthur copper property in western Nevada. The property, jointly owned by Arimetco and Brookline Minerals …
Ex-Gold Fields managers run Akiko
Several former senior executives of Gold Fields Mining have taken over the helm of Akiko Gold Resources (VSE). President Stephen Flechner said Akiko intends to pursue projects that will enable it to b…